Correction may not be deep or extended: Kotak Institutional Equities CEO

In a Q&A, Pratik Gupta, CEO & Co-Head, says despite several near-term headwinds, India offers relatively stronger long-term growth and returns prospects

Markets like Brazil and France have done well despite the worsening Covid-19 situation, thanks to global liquidity, says Pratik Gupta, chief executive officer & co-head, Kotak Institutional Equities. In an interview, Gupta tells Samie Modak & Ashley Coutinho that despite several near-term headwinds, India offers relatively stronger long-term growth and returns prospects. Edited excerpts:

The Covid-19 crisis is weighing on the market. How much worse can it get?

The markets are already pricing in this spike in cases and also of more states imposing Maharashtra-style restrictions. In addition, there is hope that vaccination will be ramped up, which will reduce